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Gold/Mining/Energy : GITENNES Exploration (ase:GIT) -- Ignore unavailable to you. Want to Upgrade?


To: Sudeep Naidoo who wrote (1030)10/19/1998 5:34:00 PM
From: Moneysmith  Read Replies (1) | Respond to of 1092
 
Thanks for the update.It appears that no work is currently going on.

The company is ready to proceed with further drilling but it seems we are still dealing with evaluation of past work. Today's trading halt was probably unnecessary inasmuch as the news was rather routine. The price action today bears this out. I have no idea when more news is expected..they are talking to "interested parties". This stock has been requiring a great deal of patience which I still believe is justified. It looks, however, that GIT may become a victim of seasonal tax loss selling...in other words it will still be .60 or so at the end of the year.